i think if i actually hit the lottery (not 500k, but like over 20 million) i'd hit my mom wit a new house, new car, make sure she retired the day i got my check and then go to her for financial advice cuz she the only person i trust. 
Michigan Teen wins lottery and gives it ALL to his parents. Smart or Dumb move?
- Thread starter Ronnie Lott
- Start date
Rockstar Mom
PhatGurlSwag
Let's be serious. Most 19 year olds aren't investing a damn thing
They would be buying cars, taking trips to Dominican Republic, and tricking on bytches.
Will be broke by 21......
They would be buying cars, taking trips to Dominican Republic, and tricking on bytches.
Will be broke by 21......
lotteryplaya
Winning a big lottery jackpot is my dream.
This was very nice of him to do. The temptation to be in college around all those wild girls and they all saw the news and know you have half a million dollars in the bank. He probably thought about throwing a big party and hire Big Sean to perform. He had to think about that long and hard. Most of these family related lottery stories are parents winning and splitting it with their kids or promising to give the kids and grandkids a lot of the money. Congrats to him and his family on the win.
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Woman of god
Banned
I think this ultimately drives your opinion on his decision. My parents took a second mortgage and dipped prematurely into their retirement accounts so it would be nothing for me to give them 500k. On the other hand if they just did the bare minimum and didn't do anything extra for me I probably would keep all the money for myself
AlainLocke
Banned
45-50 percent of pregnancies are unintended...a lot of people have children and they have no business having kids...
http://www.cnn.com/2016/03/02/health/unintended-pregnancy-rate/
The researchers found that the proportion of pregnancies in the United States that were unintended dropped from 51% of all pregnancies between 2006 to 2010 to 45% between 2009 and 2013. Looking at women 15 to 44 years old in the general population, they determined that 54 out of 1,000 women had an unintended pregnancy between 2006 and 2010, compared with only 45 out of 1,000 in the more recent period.
The cost of a child is currently at a quarter million dollars
Cost of raising a child: $233,610
A lot of people need to stop fukking and creating kids that will basically be debt slaves to have a living...
Any child that feels the need to take care of a parent does not understand the burden that the parent put them in...if they do not have a quarter million dollars...
Just to get a decent job...you will have to go to college and put yourself into massive debt...just so you can live...you probably gonna be broke as fukk for the rest of life but at least you got some money to put a roof over your head.
People out here are creating debt slaves...cause they are broke as fukk and having kids and have no business having kids...
This young man...pretty much wrecked his life giving his parents the money...
Ronnie Lott
#49erGang
The parents keeping the 500k are lookin out for themselves
Hacksaw Jim Thuggin
Superstar
I dont know the kid's situation but more often then not... Certain people arent to be trusted with LARGE sums of money, parents included...I always look at the worst case scenario...
He could have put half in some sort of IRA, made investments and kept it moving...
worst case scenario? why bother with that? that will take care of itself.....
IRA's are capped at $5500, ....that leaves $494,500 to do something else with....unless mom and dad did it but thats capped at $13,500....
hopefully the fam will invest in something worthwhile after paying off debt
southpawstyle
Superstar
People in here acting like he made this money doing actual work. He bought a lottery ticket, won, and wanted to hook his mom up. Some of you guys are weirdos.
Ronnie Lott
#49erGang
It's not about her being lowkey ratchet... Alot of people's parents be mad greedy... Look at all these kids that excel at sports and the way the parents be pimping them out. they expect some sort of payback...
b_low_brown
Daddyface
Savage
He's saved himself from himself hopefully. Dude can make sure they hold it down use it to help pay for schooling or a business before he blows it on pills and hookers.
AlainLocke
Banned
When your parents get old and need taken care of physically, will you be there?
I got shyt to do...they going in a home...or getting a nurse...and I'll just come thru every weekend to see if they remember me and if they getting their ass kicked...
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